MemorialCare Innovation Fund

MemorialCare Innovation Fund (MCIF) serves as the strategic venture capital arm of MemorialCare Health System, a prominent not-for-profit health system headquartered in Long Beach, California. Established with the mission to provide strategic investment funding, MCIF targets privately held healthcare companies that offer innovative products, services, and technologies. Their core focus lies in solutions that enhance the healthcare experience and further the transition towards value-based care models. MCIF primarily invests in early to growth-stage companies whose offerings align closely with MemorialCare's broader strategic priorities and possess the potential to deliver significant impact within the healthcare ecosystem.

Beyond capital, MCIF positions itself as a strategic partner, leveraging MemorialCare's extensive clinical expertise, market access, and operational insights. This unique value proposition allows portfolio companies to gain invaluable guidance and potential pilot opportunities within a large, integrated health system. The fund actively seeks companies that can contribute to improving patient outcomes, increasing efficiency, and reducing costs across the healthcare continuum.

MCIF operates as a $25 million venture fund, demonstrating a dedicated commitment to fostering innovation in healthcare. Since its inception, the fund has been an active investor, having made over 20 investments in promising companies, with Crunchbase reporting 27 distinct investments to date. These investments typically involve participation in Series A and Series B funding rounds, often co-investing alongside other traditional venture capital firms. While specific check sizes are not publicly disclosed, their participation in multi-million dollar rounds and the fund's overall size suggest initial investments generally range from approximately $500,000 to $2,000,000, reflecting their role as a strategic, rather than lead, investor in larger syndicates.